An empty system looks healthy
Books with no entries have no errors. That is why LegaSum says "unknown" where others say nothing.
About LegaSum
We don't vouch for anything we haven't seen
LegaSum Accounting is Danish accounting software built on one idea: that an accounting system must be able to tell the difference between "checked, and it holds", "not checked yet" and "something is wrong here", and say which one applies.
Why it is built this way
Most accounting software is good at accepting what you type in. That is necessary too. But it doesn't answer what you actually wonder about when the quarter ends: is there something I have overlooked?
The trouble with that question is that the reassuring answer is easy to give. A system can count errors, find zero, and it looks as if everything is fine. Zero errors in empty books is not an approval, it is the absence of an examination.
So we built the software the other way round: every conclusion has to say what it rests on. If it can't, it says "unknown".
Principles
Three things that decide the rest
Green has to mean something
If it says something has been checked, it also says what. A tick with no answer behind it is reassurance, not information.
Numbers must trace back
Every entry belongs to its receipt, and entries are corrected with a reversing entry, as the Danish Bookkeeping Act assumes.
Who is behind it
LegaSum is operated by LegaSum Ltd, registered in London. The software runs on servers in the EU, at Amazon Web Services in Stockholm, and your books do not leave the EU.
The product is being built, and we would rather say so than not: few companies run on it today. That is why this site is so concrete about what the software does.